Wow ! must be earning USD

Hi AV,... I think it's okay that I miss the current dividend season, having in mind that I may be able to get even better yield down the road,...

Helll yeaahhh.

Finally got a bench mark.

TARGET 🎯 or not.

4.8 opening 16.

If RM remains at 4.40, then who is the dummy ?

nice

1 Oct 2015 07:50 UTC - 2 Oct 2015 07:53 UTC
USD/MYR close:4.42017 low:4.39646 high:4.44943

Depreciated slightly from 4.4005 ytday

lol u put unker dreamer quote in Signature

Lol.

Hahaha

See first la. Already so many years lol this year miss target also nvm la.

But lets hope below 4.6.... Its out country anyways.

I don't have the ability to keluared... Just hope for the best.

MGS hit badly by fund outflows
http://www.focusmalaysia.my/Markets/MGS%20...fund%20outflows

...however, the MYR did not plunge that badly against the USD today,....

yep. i do agree we can only hope for the best. it's our country after all. while there are many experts here in lowyat, there are more rakyat out there with minimal income only.

Ringgit depreciates against major trade partners’ currencies
http://www.thestar.com.my/Business/Busines...cies/?style=biz

How low can it go?

today, 10 yr mgs high 4.16%, closed 4.14%.

looks like either local funds in a buying frenzy or foreigners have not been selling like crazy.

we'll wait for next foreign holding %, whether 46-47% has changed or not.

given all that is happening, it is very possible it will hover 4.40-4.50 for weeks/months.

key factor will be budget 2016 on oct 23.

i will wait for that to make major decisions on rm-fx.

Keep an eye on 7/10 for BNM position @ 30/9

Folks,

Given that RM had dropped from 3.6 to 4.X since the beginning of the year, the ASx had lost their purchasing power even with 6+% dividend. The question here is will ASx holder lose more than their dividend gain if they either stay in ASX or buy more ASx from NOW. So, if the exchange rate hit 4.7/4.8 by year end, the ASX holder will lose more than their dividend.

Dreamer

This post has been edited by dreamer101: Oct 2 2015, 09:29 PM

alexanderclz,

1) The second part of "hope for the best" is "plan for the worst".

2) A person could diversify their investment instead of 100% in RM.

<<it's our country after all.>>

3) How does this statement pay for your food and feed your family??

<<there are more rakyat out there with minimal income only.>>

4) How does that relevant?? They have no savings and they cannot do anything.

It is YOUR CHOICE and YOUR MONEY. You either do something to protect your savings or you will lose your purchasing power.

Dreamer

lol. that's why i'm hoping for the best la bro. that's hopeful wishful prayful thinking la. not backed with all your so called facts. although i need to makan and all, i do not hope others will go hungry and all. and so i hope for the best. and yes i have my money and i know what to do with them. (and i've noted from you that we need to diversify. asx holders are dummies. usd is supreme. rm is crap.

anyhow u trying to say the majority of the ppl will die with no money izzit? become like africa or stg?

The US job data announced today is pretty weak, that could send in the new trend for currency market for short term as well.

Treasuries is below 2% after the job data, that investors bet there may no hike at all for this year.

The slowdown global economy is starting taking its toll.

This is why I keep on emphasis that history has showed us, there is always unpredictable event may occur.


This post has been edited by cherroy: Oct 2 2015, 10:39 PM

If int rate hike put on hold, gud news for emerging market

When the trend is tight range bound, then play DCI. Good interest rate compare to your fund idling. 7 days also got